Purchase of land from railways and delay in divestment add to uncertainty
Pace of DFC roll-out and demand recovery are key triggers
Moreover, for FY20, officials said the revised divestment plans will not be derailed because of cancelled road shows in the Far East over fears of Coronavirus
Its total income during the October-December quarter of the current fiscal dipped to Rs 1,610.34 crore, from Rs 1,739.79 crore in the year-ago period.
Govt sounds out select few firms over stake sales; might push process to next financial year
While the other IT counters are witnessing volatile swings or reeling under pressure, Tech Mahindra is comfortably holding above the support zone of multiple moving averages on the daily chart
The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February.
The first deal will clear the path for many more. It will also be the toughest to execute
The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan
Here are some of the issues on the table
It also said that CONCOR was given Rs 65 crore in the year 1989-90 towards paid up capital, and till date the PSU has paid back Rs 8000 crore to the government directly.
The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam
The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm
Total income during the July-September quarter of the current fiscal dipped marginally to Rs 1,800.45 crore
Volume gains from dedicated freight corridor remains the key stock driver
The US Trade Representative has alleged India's export subsidy programmes are detrimental to American workers and organisations
But company hopeful of better performance in rest of financial year on agriculture exports